Canadian National Railway Company Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015
January 28, 2015 at 02:54 am IST
Share
Canadian National Railway Company reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenues of CAD 3,207 million against CAD 2,745 million a year ago. Operating income was CAD 1,260 million against CAD 967 million a year ago. Income before income tax was CAD 1,179 million against CAD 874 million a year ago. Net income was CAD 844 million against CAD 635 million a year ago. Diluted net income per share was CAD 1.03 against CAD 0.76 a year ago. Net cash provided by operating activities was CAD 1,135 million against CAD 1,098 million a year ago. Property additions were CAD 947 million against CAD 788 million a year ago. Adjusted diluted earnings per share were CAD 1.03 against CAD 0.76 a year ago. Free cash flow was CAD 175 million against CAD 316 million a year ago. Adjusted net income was CAD 844 against CAD 635 a year ago.
For the year, the company reported revenues of CAD 12,134 million against CAD 10,575 million a year ago. Operating income was CAD 4,624 million against CAD 3,873 million a year ago. Income before income tax was CAD 4,360 million against CAD 3,589 million a year ago. Net income was CAD 3,167 million against CAD 2,612 million a year ago. Diluted net income per share was CAD 3.85 against CAD 3.09 a year ago. Net cash provided by operating activities was CAD 4,381 million against CAD 3,548 million a year ago. Property additions were CAD 2,297 million against CAD 1,973 million a year ago. Adjusted diluted earnings per share were CAD 3.76 against CAD 3.06 a year ago. Free cash flow was CAD 2,220 million against CAD 1,623 million a year ago. Adjusted net income was CAD 3,095 against CAD 2,582 a year ago.
The company is aiming to deliver double-digit EPS growth in 2015 over adjusted diluted 2014 EPS of CAD 3.76. In addition, the company plans to increase its capital spending by roughly CAD 300 million for a total 2015 investment of approximately CAD 2.6 billion.
Canadian National Railway Company is a transportation and logistics company. The Company's services include rail, intermodal, trucking, and supply chain services. The Companyâs rail services offer equipment, customs brokerage services, transloading and distribution, private car storage and others. Its intermodal container services help shippers expand their door-to-door market reach with about 23 strategically placed intermodal terminals. Its intermodal services include temperature-controlled cargo, port partnerships, logistics park, moving grain in containers, custom brokerage, transloading and distribution, and others. Its trucking services include door-to-door service, import and export dray, interline services, and specialized services. Its supply chain services offer comprehensive services across a range of industries and product types. It transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year.
Canadian National Railway Company Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015
CANADIAN NATIONAL RAILWAY COMPANY 
